The reason the IRS is most concerned about lease contracts is:
A)firms that lease generally pay no taxes.
B)that leasing usually leads to bankruptcy.
C)that leases can be set up solely to avoid taxes.
D)because leasing leads to off-balance-sheet-financing.
E)All of the above.

Question

Quizplus · Accepted Answer

Leases can be structured in a way that allows firms to avoid taxes, which is a concern for the IRS.

The Reason the IRS Is Most Concerned About Lease Contracts